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Answer to Question #216569 in Economics for Paballo
Question #216569
- If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are A. more responsive or sensitive to a change in the demand for beef than to a change in the demand for coffee.
- B. more responsive or sensitive to a change in the price of coffee than to a change in the price of beef.
- C. more responsive or sensitive to a change in the demand for coffee than to a change in the demand for beef.
- D. more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.
Expert's answer
D. more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.
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